tag:blogger.com,1999:blog-36227136.post7159063950661292900..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Greece take II - it's officialOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36227136.post-65158731378742344082012-03-15T13:56:03.793+00:002012-03-15T13:56:03.793+00:00So on the most optimistic scenario it would be abo...So on the most optimistic scenario it would be about twenty years before Greece fulfilled the Maastricht criterion on total debt, ie not more than 60% of GDP, and therefore just on that test it could then be allowed to join the euro.<br /><br />But Greece is already in the euro, and there is no intention that Greece should leave the euro, so there must something wrong there!<br /><br />Meanwhile, the euro-enthusiastic Greek government has signed Greece up to the euro-federalising "fiscal compact", and has been welcomed as a signatory, even though it seems very unlikely that Greece will be able to meet the terms of that extraneous non-EU treaty any more than it has ever met the less exacting terms for euro membership laid down in the actual EU treaties.<br /><br />I'm not sure how much more of this euro-crap I can take, to be honest.Denis Coopernoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-73396364781060316812012-03-15T12:26:13.783+00:002012-03-15T12:26:13.783+00:00The delays and procratinastion with this Greek ...The delays and procratinastion with this Greek 'bail out' was vital in order to pass the cost of the debt onto the tax payer, away from the banks. It has never been about keeping Greece afloat, but saving French and German banks. The financiers have made monkeys of the EU, if they were not already monkeys. Meanwhile memebership of the Euro continues to blast holes in the sinking ships of Italy, Portugal, Spain, France, Belgium, Greece while the EU pretends to bail them out.Rollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.com